At the extraordinary general shareholders' meeting 89.37 percent of the
total share capital were present during voting and 89.2 percent of the
share capital with valid votes. The increase of the share capital against
cash contribution with subscription rights for the shareholders by up to
3.7 billion Euro as well as the related amendment of the articles of
association had an approval rating of 99.99 percent. The extraordinary
general shareholders' meeting also approved the authorization of the
Management Board for a capital increase by contribution in kind by up to
475 million Euro and the related amendment of the articles of association
with a majority of 99.98 percent.

Additionally, the extraordinary general shareholders' meeting resolved a
conditional capital with a voting of 87.35 percent.

'We are delighted that our shareholders support the capital measures for
our plans to acquire E-Plus. The approval by the extraordinary general
meeting was an important milestone for us. We remain confident that we will
get regulatory clearance by the European Commission and can continue our
way to a leading, digital telecommunications company in Germany', says
Markus Haas, Chief Strategy Officer of Telefónica Deutschland. 'The
acquisition of E-Plus offers significant synergies and value creation
potentials which we want to materialize. We invest into future growth while
at the same time improving our financial flexibility, generating
sustainable values for our shareholders and offer even more attractive
products to our customers', Rachel Empey, Chief Financial Officer of
Telefónica Deutschland, adds.

Telefónica Deutschland announced in July 2013 the conclusion of an
agreement to acquire E-Plus. In October the extraordinary general meeting
of Koninklijke KPN N.V. (KPN) approved the planned transaction, which now
also has the support for the financing by shareholders of Telefónica
Deutschland. The transaction is subject to merger approval by the European
Commission and is expected to be closed by mid 2014.